Power to Coworking Spaces - Stripe Payments and Booking Credits System

Monetize Meeting Rooms Straight From YAROOMS

With our new credit system, coworking spaces are now able to efficiently convert their rooms into revenue sources and to better serve the needs of their tenants.

Each space in YAROOMS—from cubicles to conference rooms —can require credits for booking. When tenants book rooms, credits are consumed based on administrator-set amounts per time slot. The credit requirement varies by meeting room.

Coworking spaces make up the most dynamic part of the real estate industry and require fast response and flexible adjustments. YAROOMS now takes care not only of the space booking aspect, but also the financial administration one.

Secure Payments Through Stripe

The integration uses Stripe, the leading platform for online payments, ensuring security and reliability. All the user payments towards credit purchase go directly into the coworking space’s account. YAROOMS makes the transaction possible, but takes no part in it and therefore has no access to a tenant’s credit card details.

Improved Tenant Meeting Room Quotas and Reporting

The credit system operates on quotas, with tenants receiving an allotted number of credits that are shared among their employees and renew every month. Additional packages can be purchased at fixed prices, and cancellation policies can affect credit refunds.

Advanced Booking Window Management

Time constraints can be applied to bookings, allowing users to reserve rooms with varying degrees of granularity (from a few days in the future to as much as a few years).

Increased Visibility Thanks to the Entire YAROOMS Platform

The credit system adds visibility to space usage through YAROOMS’ check-in enabled digital signage, providing accurate views of tenant needs. Available rooms display across web apps, Outlook, and door-mounted devices (YAROOMS DOOR).

If you own or work for a coworking space and would like to know more about this update, get in touch with us and schedule a demo with one of our representatives.

Image credits: David Fintz